ISTAT Appraisers' Program Board of Governors

The ISTAT Appraisers’ Program Board of Governors (IBG) has the responsibility to administer, oversee, modify standards and procedures of appraisal practice and the Code of Ethics, and govern the ISTAT Appraisers' Program. It also has the responsibility of hearing, reviewing and ruling upon any disciplinary action which may have to be taken should an ISTAT Certified Appraiser be brought before the board for allegedly violating the rules, Code of Ethics or established appraisal practice standards and procedures.

The IBG shall be comprised of three certified ISTAT Senior or Fellow Appraisers (including the chairman) plus five additional members of ISTAT representing other interests such as leasing companies, banks, airlines, manufacturers, aircraft repair agencies, and aircraft brokers. The Chairman must hold current ISTAT Senior Appraiser or Fellow status and have a minimum of ten years’ professional experience in the commercial aviation industry.

For more information on the appraiser program and the Board of Governors, please see the Appraisal Handbook.